Barney71255

BUY NEW by Barney71255 on 08 Dec 2014 21:19

Price at rating: 0.24, now:

From: miningoz 12/8/2014 8:56:31 AM of 156 New World Oil and Gas(NEW) ready to join forces with Maranco, which is exploring in northern Belize, continues testing its wells. Cho said that the company is trying to look at different ways that they could test the wells and to see how much could be produced. We asked Cho what the prospects are for a major oil find in the South. “The potential is good but we will only know if we drill,” he said. Maranco Energy Belize Limited announced that it had found an encouraging oil show at its South Canal Bank number one exploration well. That never panned out, but tonight there is confirmation that Maranco has struck oil, black gold, after digging a second appraisal well as South Canal Bank number three. Initial estimates put the reserves at close to fifty million barrels of oil…more than double the initial reserves at the Spanish Lookout Belize Natural Energy well. That is a monumental discovery. Limited, Blue Creek Exploration Ltd., BCH International Ltd., Maranco Belize Ltd., Perenco Belize Ltd., Princess Petroleum Ltd., Providence Energy Ltd., US Capital Energy Belize Ltd. and Belize Natural Energy are the 9 companies with contracts. Princess Petroleum has about a million acres offshore under its concession, but Cho said that no offshore works have been carried out by that company. Meanwhile, Cho confirmed that US Capital is getting ready to drill; Perenco is processing seismic survey results, while BelGeo and BCH are shooting seismic. Big things are happening with the contracts for Princess Petroleum and Blue Creek Exploration, which has a partnership with New World Oil and Gas, Cho told us. We asked what happened to Paradise Energy Limited, which had been given an extensive oil concession over the Maya Mountain Massif. Cho said that the company had relinquished its blocks. Last week New World terminated thier agreement with NIEL saying New World Chairman Chris Einchcomb commented: "This Agreement brings the current Niel relationship to a close, but does not preclude future cooperation between our companies. Niel has acted in good faith in this matter, and New World has been provided with adequate working capital allowing us to pursue other sources of funding in the short term. In the meantime, we remain in discussions with potential farm-in partners for our Blue Creek Project in Belize and Danica Jutland and Danica Resources projects in Denmark where we have successfully re-negotiated and extended our work programme deadlines with the aim of further unlocking the value in these assets."It believed this was recquired so a new agreement and JV partner could be put in place with drilling rigs already being sourced said local sources.

Score: 17.50

BUY ECHO by Barney71255 on 08 Dec 2014 09:20

Price at rating: 2.75, now:

PLENTY NEWS COMING, Independent Resources (IRG) Higher December Floor Points To 5p October Resistance IRG Independent Resources PLC Technical Analysis 081214 Although it is clear from the wide swings in the price action of Independent Resources over recent months, and in the aftermath of the late May unfilled gap to the downside, this is a highly speculative and volatile play – charting rules do still apply. For instance, both November and December have delivered higher lows versus the September support well below 2p, and this enables us to draw an uptrend line on the daily chart over the past three months. Indeed, this line is backed by an extended October support line in the RSI window which has been multi tested at the 50 level. The RSI is now up to 55, high enough over neutral 50 to suggest that a sustainable break to the upside could now be on tap. This is especially the case while there is no end of day close back below the 50 day moving average at 2.49p, suggesting that although Independent Resources does traditionally offer traders a rocky ride, in this instance we are looking at a reasonably decent risk / reward prospect. The reason for the relative optimism in this instance is the way that October’s peak was well above the 5p zone, and the run up to that spike happened to be very similar to what we are experiencing now. The message is therefore to assume an imminent break to the upside, with only cautious traders waiting on an end of day close back above the late November 3p level before taking the plunge on the upside.

Score: 0.00

BUY NEW by Barney71255 on 01 Dec 2014 07:27

Price at rating: 0.33, now:

2.4m put in the bank 5/10 bagger

Score: 3.75

BUY HTIG by Barney71255 on 24 Nov 2014 11:43

Price at rating: 0.12, now:

Sources say TCA funds extended

Score: 15.00